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Search resuls for: "Mei Mei Chu A. Ananthalakshmi"


3 mentions found


☆ Malaysia posts weakest GDP growth in nearly 2 years as exports slump
  + stars: | 2023-08-18 | by ( Mei Mei Chu A. Ananthalakshmi | Mei Mei Chu | A. Ananthalakshmi | ) www.reuters.com   time to read: +4 min
Second-quarter annual growth came in at 2.9%, central bank data showed. The economy is facing downside risks stemming from weaker-than-expected global growth, and a deeper or longer-than-expected technology downcycle," Governor Abdul Rasheed Ghaffour told a news conference. While he does not expect a worldwide recession, the governor said global growth will be below the long-term average. Malaysian consumers are also likely to be cautious in their spending going forward, leading to slower economic growth in the second half, he said. On Friday, the central bank said while cost pressures have eased, headline and core inflation will moderate further in the second half partly due to a higher comparative base last year.
Persons: Abdul Rasheed Ghaffour, El Nino, Abdul Rasheed, Mohd Afzanizam Abdul Rashid, Mohd Afzanizam, Alex Holmes, Holmes, BNM, Mei Mei Chu, Martin Petty, Jacqueline Wong Organizations: China, Reuters, Bank Negara, Bank Muamalat, Oxford Economics, U.S, Thomson Locations: KUALA LUMPUR, Bank, Bank Negara Malaysia, Malaysia, Bank Muamalat Malaysia
☆ Malaysia king to choose prime minister in post-election crisis
  + stars: | 2022-11-22 | by ( Rozanna Latiff Mei Mei Chu A. Ananthalakshmi | Rozanna Latiff | Mei Mei Chu | ) www.reuters.com   time to read: +4 min
"Let me make a decision soon," the king told reporters outside the national palace. The king had given political parties until 2 p.m. (0600 GMT) on Tuesday to put together alliances needed for a majority. Significant election gains by an Islamist party added to investors' fears, notably over policies on gambling and alcohol consumption. Its electoral gains have also raised fears in multicultural Malaysia, which has significant ethnic Chinese and ethnic Indian minorities following other faiths. Anwar's coalition won the most seats in the Saturday election with 82, while Muhyiddin's bloc won 73.
☆ Malaysia's Anwar seeks backing of old foes to form government as turmoil drags on
  + stars: | 2022-11-21 | by ( Rozanna Latiff Mei Mei Chu A. Ananthalakshmi | Rozanna Latiff | Mei Mei Chu | ) www.reuters.com   time to read: +5 min
Significant election gains by an Islamist party also added to investors' fears, notably over policies toward gambling and alcohol consumption. Anwar said he met with some leaders from the incumbent Barisan Nasional coalition on Monday to discuss a potential alliance. "I am satisfied as this negotiation was on the need to form a stable government that's inclusive. Its 30 seats in parliament is key for both candidates to cross 112 seats needed to hold a majority. On Monday, Anwar's coalition partnered with Barisan to form regional governments in two states, which also saw inconclusive elections.
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